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listen, dagen, obviously, we know-- actually we don't know, but it's to nancy pelosi's point we're going to find out and i hope we like it. a lot of taxes associated with obamacare. you mentioned the medical device issue, a lot of these companies, by the way, medical device companies have been laying off workers right now. and that is, if this impacts, by the way, everyone, takes away from research and development, which will take away from life saving innovation and it's just, again, the very tip of the iceberg. ultimately, there's going to be a whole lot of taxes that just opens the gate for. this is just the beginning. >> ben, even if you look at action taken by the medical device makers, there's already damage that's been done by the tax increases built into this health care law, has it got? >> well, the damage is built in, but on the other hand good built into, too. there are people who are very
listen, dagen, obviously, we know-- actually we don't know, but it's to nancy pelosi's point we're going to find out and i hope we like it. a lot of taxes associated with obamacare. you mentioned the medical device issue, a lot of these companies, by the way, medical device companies have been laying off workers right now. and that is, if this impacts, by the way, everyone, takes away from research and development, which will take away from life saving innovation and it's just, again, the very...
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on there so it reads nancy pelosi drivel. >> bill: and you'll be arrested. alcatraz, paddling out there. >> this is not combat, it's an act of lunacy. >> burger king, they have a new item on the menu and mayor bloomberg was the first one in line for this. it's a bacon sundae. it's a dessert with bacon on it. >> finally, somebody finally gets it, that there's nothing to top off a sweltering hot mid august day like a crispy fried hog fat. how long has this been in the offing? you know what, billy? like the muslim world needs another reason to hate us, okay? now, bacon, we can't even have dessert any more without offending al-qaeda. (laughter) i've got an idea for a summer treat for the people of manhattan, it's called a bloomberger. it's half the size, twice the price and obviously, you get a really small drink with it. how about we sell that? (laughter) all right, bacon sundaes everybody. >> ooh. and in snoop dogg busted for pot. shocked, i know we're all shocked, the same place willy nelson got busted. >> i don't have a huge tolerance for it. >> probably not
on there so it reads nancy pelosi drivel. >> bill: and you'll be arrested. alcatraz, paddling out there. >> this is not combat, it's an act of lunacy. >> burger king, they have a new item on the menu and mayor bloomberg was the first one in line for this. it's a bacon sundae. it's a dessert with bacon on it. >> finally, somebody finally gets it, that there's nothing to top off a sweltering hot mid august day like a crispy fried hog fat. how long has this been in the...
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again, we'll let you know nancy pelosi and john boehner have left the meeting from the white house. senate leaders are still inside and we'll monday store the white house. we'll keep an eye on things and let you know. >>> in the meantime, a massive container crisis averted. the powerful dock workers union agreeing to a temporary deal with shippers today. that means east and gulf coast ports say hope through the weekend but the fight is far from over. phil keating has the latest from miami. phil? >> this just goes to show that two sides can in fact come to negotiated deal. it's great news for millions of american workers in the u.s. consumer supply chain as well as untold numbers of american consumers because all of the prices that they depend on might have gone up. bottom line, no strike on sunday. both sides remain mum so we don't know the details of this, temporary deal just yet. the sticking point had been container royalties paid to the longshoremen. the heavier the container, the more they got paid. owners wanted it capped alt last year's level, longshoremen did not. the contai
again, we'll let you know nancy pelosi and john boehner have left the meeting from the white house. senate leaders are still inside and we'll monday store the white house. we'll keep an eye on things and let you know. >>> in the meantime, a massive container crisis averted. the powerful dock workers union agreeing to a temporary deal with shippers today. that means east and gulf coast ports say hope through the weekend but the fight is far from over. phil keating has the latest from...
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that is from nancy pelosi. obviously the combination of democratic votes and republican votes in the house would be needed to pass anything because the republican opposition to whatever comes out of the senate if in fact a piece of legislation does come out tonight will probably be great. just hearing from some of the republican reaction to the no additional spending cuts part of the framework of this original deal. also remember this, that this negotiation has been really going on for some 18 months. lawmakers, the white house have known about this for a long time. we are about an hour and a half away from the top of the new year, from 2013. we are an hour a half away from the final fiscal cliff deadline that congress will now miss. we have not seen a piece of legislation on o the floor yet and we may still as we continue to monitor all things up and capitol hill. we have you covered. we also have you covered up at times square with ma megyn kely and bill hemmer up at times square. they are having more fun. ke
that is from nancy pelosi. obviously the combination of democratic votes and republican votes in the house would be needed to pass anything because the republican opposition to whatever comes out of the senate if in fact a piece of legislation does come out tonight will probably be great. just hearing from some of the republican reaction to the no additional spending cuts part of the framework of this original deal. also remember this, that this negotiation has been really going on for some 18...
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isn't it true that president obama and nancy pelosi have expressed their interest in some kind of cpi, changed cpi, consumer price index in the past? other democrats have as well. so i'm getting the sentence that harry reid and the democrats don't want a deal. they want to go off the cliff. >> well, and that's certainly one opinion that's out there, andrea. the cpi aspect, democrats said, you know, we were willing to do that if you were talking about a huge 4 trillion dollar teal deal where we're going to cut a lot of different things, but as part after smaller deal they're trying to iron out over the course this have weekend, they said that that was a poison pill. so bottom line, they were not happy with this at the last minute. they made it well-known to everybody today to certainly stop it from happening so then we heard from a lot of republicans saying, fine, if it's a deal breaker, we're not going to do it and certainly the republicans would like some other sweeteners that would be appealing to them in the final deal. >> and do people in washington, to they realize how angry a lo
isn't it true that president obama and nancy pelosi have expressed their interest in some kind of cpi, changed cpi, consumer price index in the past? other democrats have as well. so i'm getting the sentence that harry reid and the democrats don't want a deal. they want to go off the cliff. >> well, and that's certainly one opinion that's out there, andrea. the cpi aspect, democrats said, you know, we were willing to do that if you were talking about a huge 4 trillion dollar teal deal...
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and with that let me turn now to our leader, nancy pelosi. >> thank you very much. last night the senate -- well, i guess it was early this morning, the united states senate voted in an uncharacteristically in a very bipartisan way 89 votes in favor of the compromise legislation. that was historic. that legislation was sent over to the house. up until now our speaker has said when the senate acts we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve. so we look forward now as we go forward in this day to see what the timing will be for a straight up or down vote on what passed 89-8 last night in the united states senate. today we had the privilege, as our chairman has said, from hearing from the vice president. he talked about what's in the legislation and what lies ahead and difficult negotiations as we go forward. we had a frank, as you said, mr. chairman, a frank discussion in that regard. our members after thoughtful dlir bracings and review are continuing to review the legislation weighing the p
and with that let me turn now to our leader, nancy pelosi. >> thank you very much. last night the senate -- well, i guess it was early this morning, the united states senate voted in an uncharacteristically in a very bipartisan way 89 votes in favor of the compromise legislation. that was historic. that legislation was sent over to the house. up until now our speaker has said when the senate acts we will have a vote in the house. that is what he said. that is what we expect. that is what...
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nancy pelosi was put in as speaker. they passed obama care and all of this other stuff on the nation. but then in 2010 those moderate democrats or conservative democrats were defeated by conservative republicans who ran as pro life, pro marriage and smaller government and less taxes and that we have now the most conservative house of representatives in modern history. those issues win when they come from the heart as you have shown and then you can talk about them. the problem is we've got some republicans that only want to talk about these things at election time only to check the boxes and not because it eminates from the heart. >> it is going to be an interesting time to watch and see if the message continues to permeate in the leadership of the party. you are right. if it does, and the pro life and pro family voters who are by the way always fiscal conservatives, if they have no where else to go , they will either create a third party movement, they will become independent and support possibly even conservative demo
nancy pelosi was put in as speaker. they passed obama care and all of this other stuff on the nation. but then in 2010 those moderate democrats or conservative democrats were defeated by conservative republicans who ran as pro life, pro marriage and smaller government and less taxes and that we have now the most conservative house of representatives in modern history. those issues win when they come from the heart as you have shown and then you can talk about them. the problem is we've got some...
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president barack obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we have no takers. >> every republican, every democrat ought to be here. >> the phone never raining. >> they should negotiate a plan. they shouldn't have the mine are in plan, they should have the biglan. >> here we are five days from the new year, and we might finally start talking. >> the republicans are sitting there with a nuclear weapon. they have the debt ceiling coming up. they can use that as part of this negotiation. >> what is going on here? >> the president called me and probably called others last night. my impression is he would like to see if we can move forward. >> you can't legislate with yours
president barack obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop....
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nancy pelosi didn't bother to read it. that is not a spitball if you flow a large portion of the economy going to government that do nothing right. that is not a spitballle just why do republican governors say we're not going to do this. let the fed do this. they said we don't like big government. they should control it. to me this is just like we don't likebe you guys. >> andrea: they can opt out if they don't want to opt out. to me, we have to throw spitballs. a lot of promises were made. taxes wouldn't go up. premiums wouldn't go up. keep your doctor. all of those things not true. i think we will be talking about this story and this decision for years and decades come. just i agree. >> kimberly: this show next year at this time. >> andrea: count it. >> juan: get out of the hot tub before i shrivel. >> greg: hope and bo on "days of our lives" and on and off again. it spent a lot of time thinking about it. to me, the big story that changed the election was mitt dropping the ball in the third debate. it was about foreign p
nancy pelosi didn't bother to read it. that is not a spitball if you flow a large portion of the economy going to government that do nothing right. that is not a spitballle just why do republican governors say we're not going to do this. let the fed do this. they said we don't like big government. they should control it. to me this is just like we don't likebe you guys. >> andrea: they can opt out if they don't want to opt out. to me, we have to throw spitballs. a lot of promises were...
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nancy pelosi didn't bother to read it. that is not a spitball if you flow a large portion of the economy going to government that do nothing right. that is not a spitballle just why do republican governors say we're not going to do this. let the fed do this. they said we don't like big government. they should control it. to me this is just like we don't likebe you guys. >> andrea: they can opt out if they don't want to opt out. to me, we have to throw spitballs. a lot of promises were made. taxes wouldn't go up. premiums wouldn't go up. keep your doctor. all of those things not true. i think we will be talking about this story and this decision for years and decades come. just i agree. >> kimberly: this show next year at this time. >> andrea: count it. >> juan: get out of the hot tub before i shrivel. >> greg: hope and bo on "days of our lives" and on and off again. it spent a lot of time thinking about it. to me, the big story that changed the election was mitt dropping the ball in the third debate. it was about foreign p
nancy pelosi didn't bother to read it. that is not a spitball if you flow a large portion of the economy going to government that do nothing right. that is not a spitballle just why do republican governors say we're not going to do this. let the fed do this. they said we don't like big government. they should control it. to me this is just like we don't likebe you guys. >> andrea: they can opt out if they don't want to opt out. to me, we have to throw spitballs. a lot of promises were...
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the president, john boehner, nancy pelosi, harry reid, mcconnell, you don't need his support because the democrat controlled center. it is a sit doesn't have a -- >> mcconnell is very important because in the senate, you need a super majority to pass. a reason why i think if there's some kind of a deal, and i'm not that optimistic, why it has to start in the senate is you need republicans to buy in, even a little bit, in order to send any measure to the house. so by definition, to get 60 votes, you need republicans on it. that's enough to call whatever the deal is, bipartisan, which may make it easier on the house. as i said, i'm not that optimistic. >> trace: why are you not optimistic? >> part of it is structurele. house members got back at 6:30 sunday night. what if the bad weather comes that's predicted. unless a framework is hammered out that people could agree to, even a stopgap measure, there's not a lot of hours left to get everything down. a realistic deadline is january 3, none, when the new congress comes in because as we just heard, the impact of the fiscal cliff in terms
the president, john boehner, nancy pelosi, harry reid, mcconnell, you don't need his support because the democrat controlled center. it is a sit doesn't have a -- >> mcconnell is very important because in the senate, you need a super majority to pass. a reason why i think if there's some kind of a deal, and i'm not that optimistic, why it has to start in the senate is you need republicans to buy in, even a little bit, in order to send any measure to the house. so by definition, to get 60...
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his second proposal was nancy pelosi's proposal she offered in may of this year of doing tax cuts on people of one million dollars and above, that are one million and above. >> and now plan c now. >> now, now proposal-- >> for the republicans to get-- >> no, he was not and that's his failure dealing with his party, but as for negotiating, boehner has put forth many things. it's president obama that needs to take a page out of the play book of clinton to be able to move more to the middle. >> kelly: okay. and core of both of your arguments, here is what we're seeing on capitol hill as well, members of both sides of the aisle can't agree to disagree on things, there's no common ground. here is the way that people's business is being conducted so far as we've seen from mike emanuel's report. democrat leaders are hammering out deal they can pass and hopefully angela and mark, he see it get passed in the house before the automatic tax increases and deep spending cuts actually go into effect on january 1st, 20113, which is now some 48 hours away. do they have enough time to get it done? >>
his second proposal was nancy pelosi's proposal she offered in may of this year of doing tax cuts on people of one million dollars and above, that are one million and above. >> and now plan c now. >> now, now proposal-- >> for the republicans to get-- >> no, he was not and that's his failure dealing with his party, but as for negotiating, boehner has put forth many things. it's president obama that needs to take a page out of the play book of clinton to be able to move...
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his plan b is a plan nancy pelosi embraced a few months ago. boehner couldn't get enough of his right flank onboard and pelosi was whipping votes against her own plan among democrats to embarrass boehner. so the politics worked out well for pelosi. it's a total mess, dysfunctional and both parties are not covering themselves in glory. >> got to leave it there. always good to see you. >> thanks. >> to ed henry in honolulu where the president is set to depart tonight. we got breaking news from the speaker and i believe -- they said we have a couple deals on the table. it's your turn, senate. >> yeah, eric, that's where the ball is going now. but what i think the speaker and maybe majority leader eric cantor are leaving out is the reason all eyes turned to the senate is the speaker can't get the job done thursday on plan b. plan a is essentially the big deal, the $4 trillion debt plan. i was speaking a short time ago to a white house official that happened they believe the president moved halfway towards the republicans starting at only want to go
his plan b is a plan nancy pelosi embraced a few months ago. boehner couldn't get enough of his right flank onboard and pelosi was whipping votes against her own plan among democrats to embarrass boehner. so the politics worked out well for pelosi. it's a total mess, dysfunctional and both parties are not covering themselves in glory. >> got to leave it there. always good to see you. >> thanks. >> to ed henry in honolulu where the president is set to depart tonight. we got...
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pelosi. if they can't work this out and we go over the cliff it means smaller pay checks automatic spending cuts and according to some economists possibly another recession. molly henneberg tracking developments tonight at the white house. what are you hearing? >> hi, harris. senate republican leader mitch mcconnell confirmed it and the white house made it official. there will be a hearing here tomorrow according to a white house aide. it will be on the schedule that the president will talk fiscal cliff with those four top congressional leaders that you mentioned, harris. the president returned to washington today. he cut his hawaiian vacation short to get back to the white house for any possible last minute fiscal cliff meetings and it appears there will be one tomorrow. harris? >> well, what kind of response is the president getting from lawmakers at this point? >> well, senate republicans say they are willing to listen to any ideas the president has as to how to find a way forward. here is
pelosi. if they can't work this out and we go over the cliff it means smaller pay checks automatic spending cuts and according to some economists possibly another recession. molly henneberg tracking developments tonight at the white house. what are you hearing? >> hi, harris. senate republican leader mitch mcconnell confirmed it and the white house made it official. there will be a hearing here tomorrow according to a white house aide. it will be on the schedule that the president will...
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so the last ditch effort the hail hary pass was the house of representatives saying fine let's take nancy pelosi and chuck schumer's bill that they proposed this summer to extend the tax rates on every household and every small business a million dollars and below, allow them to go up on the million dollars and above which is the current law on january 1, let's do that. that ought to be something we can agree on. let me add this. when we he voted on our bill in the house this summer it was a clean extension which was an extension for are everyone in america not only did every republican vote for that but 19 democrats did as well. so this is why it is so frustrating for those in the house is that now we are close to the cliff. >> greta: and frustrating -- >> and we can't even get a single democrat to join with us. >> greta: if you think you are frustrated try the american people as they watch what is going on. congressman, thank you, sir. good luck, sir. >> call the senate and get them to act. we can't negotiate with nothing. >> greta: i don't think they would listen to me. thank you, cong
so the last ditch effort the hail hary pass was the house of representatives saying fine let's take nancy pelosi and chuck schumer's bill that they proposed this summer to extend the tax rates on every household and every small business a million dollars and below, allow them to go up on the million dollars and above which is the current law on january 1, let's do that. that ought to be something we can agree on. let me add this. when we he voted on our bill in the house this summer it was a...
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pelosi tells me there are members in her caucus wants taxes to go up and howard dean not shy saying that taxes should go up on everyone for months. there's a major part of the democrats who want the rates to go up and are public about it. the question, does the president have the interest to stand town that part of the party or does he want taxes to go up and blame the republican. >> harris: first time since 1970 congress is working between christmas and new years. how do you negotiate with someone who is determined basically to see is fail and see us go over into extreme high taxes? >> we don't and one of the most insightful things i've read in the the last couple of weeks, the dialog between mr. boehner and the president off the election and mr. boehner put 800 billion of revenues on the table and talking about negotiations and the president says i get that for free, i'm not giving you anything for 800 billion dollars. and washington is a rumor mill, as you can probably mante imagine, and we've heard that the change cpi would be off the table, an indication of a smaller deal, not
pelosi tells me there are members in her caucus wants taxes to go up and howard dean not shy saying that taxes should go up on everyone for months. there's a major part of the democrats who want the rates to go up and are public about it. the question, does the president have the interest to stand town that part of the party or does he want taxes to go up and blame the republican. >> harris: first time since 1970 congress is working between christmas and new years. how do you negotiate...
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nancy pelosi thinks the tax rates should go up on everybody. does the president have the political will to go against his own party? what we are seeing so far, he is not. we read his first offer, when he sat down with mr. boehner, mr. boehner said here's $800 billion for revenue and what do i get for that? the president allegedly said, that's for free. that's not evidence 6 somebody who wants a deal who, wants to lead. >> eric: what would you like to see? >> i would like to see a clean deal. i would like to see something that fixes the problem. keep in mind, one of the things that frustrates me is that the fiscal cliff is getting all of this attention, when it's real. i don't want to diminish it. but it's a drop in the bucket. the tax increases that the president wants that represent 8 cents of every dollar of debt. we are not dealing with the overall problem. that's what i would like to see. something that brings as much attention to the $16 trillion debt, as it does to the relatively small tax increases. that's what i would like to see, the g
nancy pelosi thinks the tax rates should go up on everybody. does the president have the political will to go against his own party? what we are seeing so far, he is not. we read his first offer, when he sat down with mr. boehner, mr. boehner said here's $800 billion for revenue and what do i get for that? the president allegedly said, that's for free. that's not evidence 6 somebody who wants a deal who, wants to lead. >> eric: what would you like to see? >> i would like to see a...
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pelosi, who is a vampire, i actually think. it's 51% boehner unfavorable and pelosi 50%. juan, you said something earlier you have been hearing that boehner is safe. i've actually been hearing the opposite. i like john boehner, i think he has a tough situation on his hands. he's trying to heard cats. i don't agree what he did the other day, why he had put a bill on the floor he doesn't have support for. you think he won't hold on? >> no, i think he will hold on. i don't know if it's coming but at the moment i don't think there's enough time before january 3rd to really line up. what happened to john boehner, i thought -- >> and he thought he had the votes. >> his troops abandoned him. >> ken next mccarthy should go down for that. he's the whip. he should know how many votes he has. >> no, he works for boehner. >> but he goes back with the information about how many votes he has. that was a mess. >> but the whole dynamics didn't make sense. it goes back to something eric said. everybody on the far right said why am i going to pu
pelosi, who is a vampire, i actually think. it's 51% boehner unfavorable and pelosi 50%. juan, you said something earlier you have been hearing that boehner is safe. i've actually been hearing the opposite. i like john boehner, i think he has a tough situation on his hands. he's trying to heard cats. i don't agree what he did the other day, why he had put a bill on the floor he doesn't have support for. you think he won't hold on? >> no, i think he will hold on. i don't know if it's...
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harry reid, nancy pelosi, chuck schumer, they are not going to cut spending. >> sean: how about the republicans? >> i hope the next time the republicans don't get rolled like they will be rolled the next 48 hours. >> sean: in one sense, joe, i got to give your president a lot of credit. he went out there, went out campaigning. he does a really good job blaming the republicans. he was able to frame the debate about taxes against the rich. not on his reckless spending. as a politician, he is pretty -- he is pretty amazing. in terms of governing, he is horrible. this is not good long-term for this country. >> well, look, the president was very clear in two campaigns now about raising taxes on the top 2%. he was clear. and he and romney had that thing -- had that out. and he won on that platform, sean. i mean he fair and square he won on it. and he is going to make -- >> sean: so if the republicans. >> 2.5 in spending cuts. right now it is one-to-one or less. he didn't keep his promise on that he, joe trippi and you know it. >> 2.5 to one. >> there was a trillion dollars in cuts already that he agr
harry reid, nancy pelosi, chuck schumer, they are not going to cut spending. >> sean: how about the republicans? >> i hope the next time the republicans don't get rolled like they will be rolled the next 48 hours. >> sean: in one sense, joe, i got to give your president a lot of credit. he went out there, went out campaigning. he does a really good job blaming the republicans. he was able to frame the debate about taxes against the rich. not on his reckless spending. as a...
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speaker boehner, nancy pelosi, mitch mcconnell, and harry reid. earlier today, the senate majority leader sounded frustrated with the republicans in congress. >> nothing can move forward unless speaker boehner and mitch mcconnell are willing to come up with a bipartisan plan to participate. speaker boehner is unwilling to negotiate. we have not heard a word since neither mcconnell. nothing has happened. >> i should note that senator reid was due for a news conference later this afternoon. that has since been canceled. perhaps the senate majority leader has decided to do his talking behind closed doors and hammer out a deal. greg: filled with metaphors, no doubt. what a republican saying about the status of the fiscal cliff negotiations? reporter: they have been pretty quiet so far. we know the speaker of the house and the republican leadership team in the house is due for a conference call with members that are still back in their home districts later this hour. we expect senate republican leader mitch mcconnell to be on the senate floor. the top
speaker boehner, nancy pelosi, mitch mcconnell, and harry reid. earlier today, the senate majority leader sounded frustrated with the republicans in congress. >> nothing can move forward unless speaker boehner and mitch mcconnell are willing to come up with a bipartisan plan to participate. speaker boehner is unwilling to negotiate. we have not heard a word since neither mcconnell. nothing has happened. >> i should note that senator reid was due for a news conference later this...
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nancy pelosi leader democrats in the house and harry reid, leader of senate democrats essentially saying entitlements are off the table when we know entitlements are the biggest drivers of debt. gregg: there may be a reason for that. marjorie, senator john barosso chairman of the republican policy committee put his finger on it. he believes the president is eager to go over the cliff for political reasons because he senses victory at the bottom of the cliff. those are his words verbatim and, you know, then the president gets to punish republicans. and he also might get more money in a for taxpayers, from taxpayers to expand the government. what about that? >> well i have a really hard time believing anybody, republicans or democrats would win from going over the cliff. talking about potentially putting country in recession, what it would do to the markets. here's the deal. these type of negotiations what we lost a $4 trillion opportunity when boehner and obama were at the table having talks prior to the holiday. what we're looking at really condensed timeline of $1.5 trillion. kay bailey
nancy pelosi leader democrats in the house and harry reid, leader of senate democrats essentially saying entitlements are off the table when we know entitlements are the biggest drivers of debt. gregg: there may be a reason for that. marjorie, senator john barosso chairman of the republican policy committee put his finger on it. he believes the president is eager to go over the cliff for political reasons because he senses victory at the bottom of the cliff. those are his words verbatim and,...
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chuck schumer and nancy pelosi, this summer suggest ad million dollars be the mark for which people begin to pay higher tax rates, not 2 a $50,000. so i think the president definitely stretched his definition of millionaires and billionaires by putting 250 rate income level as that rate but he is getting extension of unemployment benefits he wants as well. so he certainly outmaneuvered us on this one but the real irony here that this whole process was born out of deficit reduction. now the reports are it might add to the deficit. that is counter intuitive. gregg: or at least the 800 plus billion in new revenue would be wiped out by $800 billion into l new spending. it is dead-even and not a nickel goes to deficit reduction. kirsten, if that happens, won't the american people say, hey, wait a minute, wasn't this whole thing supposed to be about reducing the deficit? >> no, they won't. this is fundamental fun political point the republicans seem incapable of understanding. for all their claims this is what the country is obsessed with this is not what the country is obsessed with. gregg: wh
chuck schumer and nancy pelosi, this summer suggest ad million dollars be the mark for which people begin to pay higher tax rates, not 2 a $50,000. so i think the president definitely stretched his definition of millionaires and billionaires by putting 250 rate income level as that rate but he is getting extension of unemployment benefits he wants as well. so he certainly outmaneuvered us on this one but the real irony here that this whole process was born out of deficit reduction. now the...
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pelosi, anybody in about a month in terms of talking about the fiscal cliff. so everyone has sort of delayed really facing all of th up against the deadline now, jon. jon: that seems clear. ed henry at the white house there. ed, thank you. stay on it for us. for more on this let's bring in the editor of "campaigns & elections" magazine, shane deapril. campaigns and elections might be appropriate here because some say there is a lot of political posturing going on. you have said the feeling in washington it might actually be better to go over the cliff and come back and negotiate. why? >> yeah. now, this is of course purely political campaign calculation here, tossing aside the nation's fiscal health frankly. for both side i think there is good argument to be made for congressional leaders, democratic leaders and republican leaders in particular, there may be less political risk here actually if we do go over the cliff and figure out a solution very quickly afterwards. if you go back to what happened with plan b, speaker boehner could not get, get that through
pelosi, anybody in about a month in terms of talking about the fiscal cliff. so everyone has sort of delayed really facing all of th up against the deadline now, jon. jon: that seems clear. ed henry at the white house there. ed, thank you. stay on it for us. for more on this let's bring in the editor of "campaigns & elections" magazine, shane deapril. campaigns and elections might be appropriate here because some say there is a lot of political posturing going on. you have said...
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number two, plan b was really the idea of chuck schumer and nancy pelosi as recently as in this summer. to set the threshold on incomes to a million dollars versus 250,000, allow those tax rates for a million and above go up, the president talked about taxing millionaires and billionaires, that would be right, and now let the rest of the country enjoy the extension of the full bush tax cuts which i think we now even see democrats acknowledging have meaningful -- gregg: basil, if it doesn't work, the president's going to have egg on his face, right? >> no, not at all. gregg: come on. >> the president has come back with a compromise. the people that have egg on their face are republicans. they've taken intractable positions where as the president has made concessions, boehner cannot show leadership to get anything passed through his congress right now. and, quite frankly, they're being sort of held by the tea party against some extraordinary positions that they have to take at a time when the paradigm has shifted. so i think the country is recognizing that the country -- gregg: looking a
number two, plan b was really the idea of chuck schumer and nancy pelosi as recently as in this summer. to set the threshold on incomes to a million dollars versus 250,000, allow those tax rates for a million and above go up, the president talked about taxing millionaires and billionaires, that would be right, and now let the rest of the country enjoy the extension of the full bush tax cuts which i think we now even see democrats acknowledging have meaningful -- gregg: basil, if it doesn't...
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if they don't like it -- >> brian: nancy pelosi is on record saying she supports it. so that means democrats would line up behind her. >> steve: while republicans are unhappy it's at 450,000, they don't want to raise taxes on anybody. there are a lot of democrats, liberal democrats, upset that it's not at 250. essentially mitch mcconnell wound up getting double what the president asked for. >> juliet: i was going to say, when you saw they worked through the night. when you saw the reaction after they cut this deal, vice president biden, who did go in and get something done, was really kind of saying, yeah, i'm taking credit for it. did he step in over harry reid, worked with mitch mcconnell, made things happen. is this something to be cheering about and something to be gaffying about? i don't know. not a lot is happening. >> brian: i saw gallup said the president lost five points in popularity since this whole fiscal legal thing was trying to be hatched. i imagine they're going to drop more when they look at his ridiculous press conference yesterday afternoon when whi
if they don't like it -- >> brian: nancy pelosi is on record saying she supports it. so that means democrats would line up behind her. >> steve: while republicans are unhappy it's at 450,000, they don't want to raise taxes on anybody. there are a lot of democrats, liberal democrats, upset that it's not at 250. essentially mitch mcconnell wound up getting double what the president asked for. >> juliet: i was going to say, when you saw they worked through the night. when you saw...